Luxembourg Association Of Banking And Insurance Employees
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Luxembourg Association Of Banking And Insurance Employees
The Luxembourg Association of Banking and Insurance Employees (french: Association Luxembourgeoise des Employés des Banques et Assurances, ALEBA) is a trade union representing workers in the finance sector in Luxembourg. The union was founded in 1918, and in 1920, it became part of the Federation of Private Employees (FEP). After World War II, the banking sector in Luxembourg grew rapidly, and the union's membership grew. In 1978, the union split away from the FEP and became an independent union again. Much of the leadership of the union left to join the new Independent Luxembourg Trade Union Confederation. By 1990, 70% of workers in the finance sector in Luxembourg held membership of the union, which stood at about 10,000. In 2003, it formed a new federation with the Union of Private Sector Employees, the Neutral Union of Luxembourg The Neutral Union of Luxembourg ( lb, Neutral Gewerkschaft Lëtzebuerg, NGL) was a general union in Luxembourg. The union was founded in 1946, as ...
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Trade Union
A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits (such as holiday, health care, and retirement), improving working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting the integrity of their trade through the increased bargaining power wielded by solidarity among workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The delegate staff of the trade union representation in the workforce are usually made up of workplace volunteers who are often appointed by members in democratic elections. The trade union, through an elected leadership and bargaining committee, ...
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Luxembourg
Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small landlocked country in Western Europe. It borders Belgium to the west and north, Germany to the east, and France to the south. Its capital and most populous city, Luxembourg, is one of the four institutional seats of the European Union (together with Brussels, Frankfurt, and Strasbourg) and the seat of several EU institutions, notably the Court of Justice of the European Union, the highest judicial authority. Luxembourg's culture, people, and languages are highly intertwined with its French and German neighbors; while Luxembourgish is legally the only national language of the Luxembourgish people, French and German are also used in administrative and judicial matters and all three are considered administrative languages of the cou ...
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Federation Of Private Employees
The Federation of Private Employees (french: Fédération des employés privés, FEP) was a trade union representing private sector, white collar workers in Luxembourg. The union was founded in 1918, when the recently founded National Federation of Private Employees merged with a union of white collar workers in the mining industry. Until the 1960s, it focused on attempting to change the law to give its members similar working conditions to civil servants. From 1965, it became involved in more collective agreements, and this helped it increase its membership, which reached 16,000 by 1974. In the 1970s, the union worked closely with the Luxembourg Workers' Union (LAV), but this led to internal disagreements, and the Luxembourg Association of Banking and Insurance Employees (ALEBA) split away in 1976. In 1979, the union's leadership left, along with some of the members, to join the Independent Luxembourg Trade Union Confederation The Independent Luxembourg Trade Union Confederation ( ...
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Independent Luxembourg Trade Union Confederation
The Independent Luxembourg Trade Union Confederation (Luxembourgish: ''Onofhängege Gewerkschaftsbond Lëtzebuerg'', German: ''Unabhängiger Gewerkschaftsbund Luxemburg''), also OGBL or OGB-L, is a Luxembourgish general union. History The union was established in 1979, when the Luxembourg Workers' Union merged with the General Federation of Teachers of Luxembourg. They hoped that the country's other unions would join the merger, but only the leadership of the Luxembourg Association of Banking and Insurance Employees, the Federation of Private Employees, and the Neutral Craftsmen Union did so. The new union affiliated to the General Confederation of Labour of Luxembourg and, given its size, it has since been the dominant force in the federation. The union grew over time, absorbing the Association of Professional Drivers, and the Federation of Printing Workers of Luxembourg. It is open to all workers and pensioners, and is based in Esch-Alzette. It was divided into 15 professional ...
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Neutral Union Of Luxembourg
The Neutral Union of Luxembourg ( lb, Neutral Gewerkschaft Lëtzebuerg, NGL) was a general union in Luxembourg. The union was founded in 1946, as a trade association for iron and steel workers, committed to political neutrality. In 1960, it registered as a trade union, and in 1984 it began admitting all workers, adopting the NGL name for the first time. By 1990, it had 5,000 members, but it had failed in its efforts to become a broader trade union confederation, hampered by internal conflicts, and the fact that it had failed to gain national-level recognition as a representative of manual workers. While the union remained neutral, it made Alternative Democratic Reform Party politician Gaston Gibéryen its honorary president. In 2003, the union formed a new federation with the Luxembourg Association of Banking and Insurance Employees The Luxembourg Association of Banking and Insurance Employees (french: Association Luxembourgeoise des Employés des Banques et Assurances, ALEBA) i ...
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Finance Sector Trade Unions
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ...
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Trade Unions Established In 1918
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other products an ...
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